Questions
March 8, 2010, 11:11 am, in Buying
I am a FIRST-TIME homebuyer interested in a FORECLOSED house in Mansfield, MA. The asking price is $165K. The house needs a lot of work. To get a return on investment, I was thinking of offering $125K with 20% down.
My parents thought it would be a good idea if, instead, they offered $100K on top of my $25K and paid for the house with cash in their name. Is there a way that my parents can immediately get paid back?
Could they buy the house in their name, then I take out a mortgage and...
February 18, 2010, 4:32 pm, in Legal
I have been renting a home and signed a new lease extending through to 12/31/2010. About 1 month after re-resigning, I received a letter from the rental agency that the house was being put up for sale, short sale/foreclosure. I immediately started searching for a new rental home as I have 3 children and surely did not want to be stuck in a situation where I was forced out and no place to go. Fortunately, I found a home that suits my families needs. I called the rental agency as soon as it was...
February 17, 2010, 1:25 pm, in Legal
My brother and I inherited a home 50/50 from our mother. I want him to buy my half but he can't qualify for a full mortage. What other options does he have ? And what risks are in it for me. Alo he has alluded to the fact he can move into the property whether I approve or not. Is that...
February 16, 2010, 12:58 am, in Mortgages
Back last August of 2009 we did a loan modification with Bank of America on our house. I though our taxes and insurance was included in loan modification but was not. We got a bill for 1700.00 dollars for 2 years of taxes and insurance. I can afford to pay this I'm on disability so is my wife. If we don;t pay this and just pay our house pmt with out essrow can the bank forclose on our house. We will pay taxes and insurance ourselves staring Jan of 2011. Pls advise thks Wallace...
February 15, 2010, 3:09 pm, in Legal
Hi! My name is April Blair. I have a real estate question that I need some help with. My parents filed for bankruptcy in early 2009 and lost their home. I purchased a house that they could live in and they have been making the payments. I would like to get the house back in their name. I don't want there to be problems with their bankruptcy. I did this as a short time solution so that they wouldn't be on the streets or something equally as awful. I have to claim their payments to the...
February 14, 2010, 1:19 pm, in Selling
I'm in a 280,000 dollar mortgage (at 7.9%) on a condo that is currently worth 240,000. So I can't find anyone to refinance me and I can't sell unless I try a short sale and look for forgiveness from the bank. I can pay my mortgage monthly but I know I'm just throwing money at a black hole by doing so. I want OUT. Do I have any other...
February 6, 2010, 1:42 am, in Buying
my brother and and my son inheretied some land . my brother wants sell my son his share . do we need to get a survey ? can we just use a quit claim deed for this exchange of...
February 2, 2010, 3:48 am, in Foreclosure
I bought a house five years ago and I can't afford to fix it and I owe more than the house is worth. I don't want to get a home improvement loan because I know I won't be able to make the payments. This house is killing me financialy.And I have not missed a payment since I bought the house,and selling the house will take to long and I need to get out of this house ASAP, this house is very unhealthy.
HERE'S MY QUESTION: Is foreclosing my house the only option or is there a better way...
January 29, 2010, 4:15 pm, in Mortgages
Hello,
Hopefully I have posted this in the right category...
My wife and I are recently married, and we are looking to possibly purchase a home if possible. We have less than stellar credit, and would like to see if there is any possibility of finding a loan for people with poor credit. Any...
January 20, 2010, 8:20 pm, in Legal
I was scheduled to close on a property I own in Georgia tomorrow. The closing attorney notified me today that the closing was cancelled because they received notice that a lien was being filed. There has never been any legal action against me in order to obtain a judgement so that a lien can be filed. What can I do to make this closing happen IF the lien has not yet been filed?
Thank...
Questions